When Two Becomes Eight – Quadrupling Rental Potential!
The smart way to build a Rental Portfolio
A client approached us seeking development options for a rental property of 1,012 sqm section that hosted two brick and tile units. After reviewing the site for its build feasibility, the Ashcroft team concluded that the two units could be replaced with eight new terraced homes! It was important to our client that any new dwellings would provide a comfortable and contemporary living environment for their eventual residents. Ashcroft’s Windsor Plan ticked all the boxes.
The client lives out of town so partnering with a company that could manage all aspects of the project from initial scheme plans, to council consents to construction was going to make life a lot easier. Despite the long distance relationship, great communication and sound processes have pathed the way for a smooth journey so far.
Our client is committed to creating an enviable development for this rental property, with a strong community feel. On completion, residents will enjoy beautifully landscaped grounds, secure gated entrances and niceties such as communal bike racks!
Council have approved all resource and building consents, and construction has begun – and very shortly, this client will be enjoying rental returns from eight properties, rather than two!
More Project Insights
Foresight and Resilience Brings Great Rewards for this Astute Developer
Our client purchased a duplex property in Otahuhu in 2013. While this was an ideal rental property, the site also had great development potential. Soon after purchase, our client approached the next door neighbour asking if they’d be willing to sell. They agreed.
Ashcroft Tenacity Paid Off For This Challenging Resource Consent Application
The Ashcroft Subdivision and Planning team proved once again their expertise and commitment to getting client projects over the line.
Staged for Success: Risk-Smart Strategy for a Shifting Market
Our client purchased a 1,467m² property with an existing home back in 2016 and a clear goal from the outset – to fully develop the site for maximum value. With guidance from their Ashcroft Property Development Consultant (PDC) they mapped out the full development potential from the outset, ensuring every square metre was maximised.